Following Adani, Hindenburg Now Shorts Block Inc. of Jack Dorsey

March 23, 2023 / sbadmin

On Thursday, Hindenburg Research announced that it had short positions in Block Inc., claiming that the payments company had exaggerated its user counts while understating the costs associated with acquiring new customers. Silicon Valley-based Block, Inc. (SQ), founded by businessman Jack Dorsey, provides payment and mobile banking services for retailers and customers. “Our 2-year investigation

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Global markets: SGX Nifty, First Republic Bank shares to FOMC meeting — key triggers for today

March 22, 2023 / sbadmin

World market update: Tuesday’s US stock market closed higher despite tight range trading in US stock futures throughout the FOMC meeting. The US dollar and US bond yield have decreased in early morning deals as the market is buzzing with today’s FOMC meeting’s 25 basis point rate hike. WTI crude oil is down 0.42 percent

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Shipping Corporation of India share jumps as PSU fixes record date for demerger

March 22, 2023 / sbadmin

Shipping Corporation of India demerger: In early morning trades today, the share price of Shipping Corporation of India (SCI) increased. Today’s opening bell saw the share price of Shipping Corporation of India climb, and within a short period of time after the stock market began, it reached an intraday high of 139.35 rupees per share

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What Can We Expect From Tonight’s US Fed Decision?

March 22, 2023 / sbadmin

The US Fed’s work has become even more challenging this time around due to the global bank crisis that is still developing. An earlier rate increase than anticipated could worsen the situation for the banking industry not only in Europe but also in the US. About 11.30 IST tonight, a decision on the main interest

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Zomato shares: Why HSBC feels the stock could rise 64%

March 22, 2023 / sbadmin

Zomato stock increased by about 1% on Wednesday as HSBC Global Research analysts predicted it will touch 87 in the near future, representing a potential gain of 64% over the firm’s current price. Zomato has underperformed the S&P BSE Sensex with a year-to-date loss of nearly 11%. Despite this poor performance, HSBC still rates the

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Jefferies on Can Fin Homes names Suresh Iyer as its chief executive and forecasts a 32% increase

March 22, 2023 / sbadmin

Can Fin Homes has selected Suresh Srinivasan Iyer, the former head of the housing sector at Bandhan Bank, as the new managing director and CEO, months after Girish Kousgi announced his resignation (CEO). “We believe this is a positive given Iyer’s long experience in the mortgage industry including as core management at Gruh Finance,” According

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